Markel Group Inc. Has $87.56 Million Stake in NVR, Inc. $NVR

Markel Group Inc. raised its holdings in NVR, Inc. (NYSE:NVR) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,007 shares of the construction company’s stock after acquiring an additional 110 shares during the period. Markel Group Inc. owned about 0.42% of NVR worth $87,564,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. acquired a new position in NVR in the fourth quarter valued at about $36,000. State of Wyoming acquired a new position in NVR in the second quarter valued at about $44,000. Zions Bancorporation National Association UT grew its stake in NVR by 600.0% in the third quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock valued at $56,000 after acquiring an additional 6 shares during the period. USA Financial Formulas grew its stake in NVR by 75.0% in the fourth quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock valued at $51,000 after acquiring an additional 3 shares during the period. Finally, Fulcrum Asset Management LLP acquired a new position in NVR in the third quarter valued at about $56,000. 83.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NVR. Bank of America decreased their target price on NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Seaport Research Partners reissued a “sell” rating and issued a $5,664.00 target price on shares of NVR in a research note on Tuesday, April 7th. Zelman & Associates raised NVR from a “sell” rating to a “hold” rating and set a $7,675.00 target price for the company in a research note on Thursday, January 29th. Weiss Ratings cut NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Finally, Truist Financial decreased their target price on NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7,649.33.

Insider Activity at NVR

In other news, Director Michael J. Devito purchased 11 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were bought at an average cost of $6,699.50 per share, for a total transaction of $73,694.50. Following the completion of the acquisition, the director directly owned 25 shares in the company, valued at approximately $167,487.50. This trade represents a 78.57% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.60% of the stock is currently owned by company insiders.

NVR Stock Performance

Shares of NVR stock opened at $6,042.13 on Friday. The firm has a market cap of $16.31 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 4.45 and a beta of 0.95. The stock’s 50-day moving average is $6,405.30 and its 200-day moving average is $7,086.31. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.19 and a quick ratio of 2.67.

NVR (NYSE:NVR) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 EPS for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.09 billion. NVR had a net margin of 12.93% and a return on equity of 32.66%. The business’s revenue for the quarter was down 21.7% on a year-over-year basis. During the same quarter last year, the firm earned $94.83 earnings per share. Equities analysts predict that NVR, Inc. will post 375.15 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has approved a share repurchase plan on Wednesday, February 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

NVR Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.